Good Morning,
DID YOU KNOW?
While the nation’s median home sale price rose about 4% year over year in January 2019, the principal-and-interest mortgage payment on that median-priced home increased almost 11% because mortgage rates rose by half a percentage point over that period. However, rates continued to ease after January this year and some mortgage rate and home price forecasts suggest payments will rise at a much slower pace through 2019, which should help fuel sales. (Corelogic)
DID YOU KNOW?
As home prices soared in recent years, homebuyers’ struggles with worsening affordability understandably garnered a lot of attention. But affordability isn’t just an ownership problem. Some data indicate that since the last housing boom homebuyers overall have fared better than renters. Nationally since 2005, the monthly cost to rent a single-family home has increased significantly (up 36% in December 2018 compared with December 2005), while the monthly principal-and-interest mortgage payment that homebuyers face is still slightly lower. (CoreLogic)
I see no signs of a global recession in the coming 12 months. The central banks have loosened their policy above all because of the weak fourth quarter of 2018. We will go through a phase in which things are not great but also not bad. But we are naturally in a late phase of the economic growth cycle.
–Larry Fink, head of the world’s largest asset manager, Blackrock.
You will continue to suffer if you have an emotional reaction to everything that is said to you. True power is sitting back and observing things with logic. True power is restraint. If words control you that means everyone else can control you. Breathe and allow things to pass
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–Warren Buffett
